Stock Update (NYSE:CRM): Salesforce Announces Annual Stockholders Meeting to be Held in San Francisco on Thursday, June 2, 2016

[PR Newswire] – SAN FRANCISCO, May 4, 2016 /PRNewswire/ — Salesforce (NYSE: CRM), the Customer Success Platform and world’s #1 CRM company, today announced the company’s annual meeting of stockholders will be held on Thursday, … Read more on this. salesforce.com, inc. (CRM) , with a current value of $50.20B, opened at $74.31. Looking at today’s market, CRM one day range is $73.54 to $74.63 with its 52-week range being $52.60 to $82.90. Priced at 74.16x this year’s forecasted earnings, CRM shares are relatively expensive compared to the industry’s 13.35x forward p/e ratio. Consensus earnings for the current quarter by the 39 sell-side analysts covering the stock is an estimate of $0.23 per share, which would be $0.07 better than the year-ago quarter and a $0.02 sequential increase. The full-year EPS estimate is $1.01 which would be a $0.26 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.89 Billion. If reported, that would be a 25.17% increase over the year-ago quarter. In terms of ratings, Macquarie Initiated CRM at Outperform (Mar 4, 2016). Previously, Credit Agricole upgraded CRM from Outperform to Buy. Investors should keep in mind is that the average price target is $89.35, which is 20.24% above where the stock opened this morning. See more in (NYSE:CRM) Similar Articles: Market Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Announces Salesforce for Messenger Platform Stock Update (NYSE:CRM): Salesforce Delivers 2016 State of Marketing Report Stock Update (NYSE:CRM): Salesforce Chairman and CEO Marc Benioff to Participate in the World Economic Forum Annual Meeting 2016